Reported 11 months ago
Nancy Tengler, CEO and CIO of Laffer Tengler Investments, discusses why she believes Federal Reserve policy has become less influential in current market dynamics, stating that a rate cut this year would likely have little impact. She criticizes the Fed's data-dependent approach, suggesting they waited too long and flip-flopped on issues, diminishing their impact. Tengler notes that while the Fed may be eager to cut rates, it may not significantly impact the markets, drawing parallels to previous Fed actions and emphasizing that higher interest rates can coexist with stock performance. Overall, Tengler questions the effectiveness of Fed communication and the potential impact on investment decisions.
Source: YAHOO